BrightSpire Capital, Inc. (NYSE:BRSP) Given Average Rating of “Hold” by Brokerages

BrightSpire Capital, Inc. (NYSE:BRSP) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.00.

A number of brokerages have recently issued reports on BRSP. B. Riley decreased their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $7.50 price objective on shares of BrightSpire Capital in a research note on Thursday, September 19th.

Institutional Investors Weigh In On BrightSpire Capital

Hedge funds have recently modified their holdings of the stock. Barclays PLC grew its position in BrightSpire Capital by 329.1% in the third quarter. Barclays PLC now owns 198,351 shares of the company’s stock valued at $1,110,000 after acquiring an additional 152,131 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of BrightSpire Capital by 19.7% in the third quarter. Jane Street Group LLC now owns 193,470 shares of the company’s stock valued at $1,083,000 after purchasing an additional 31,865 shares during the period. Geode Capital Management LLC grew its holdings in BrightSpire Capital by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,082,637 shares of the company’s stock valued at $17,267,000 after purchasing an additional 14,606 shares in the last quarter. Private Advisor Group LLC increased its stake in BrightSpire Capital by 232.7% during the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock worth $2,775,000 after buying an additional 340,563 shares during the period. Finally, Atria Investments Inc increased its stake in BrightSpire Capital by 34.5% during the 3rd quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after buying an additional 7,779 shares during the period. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

BrightSpire Capital Stock Performance

Shares of NYSE:BRSP opened at $5.90 on Tuesday. The business has a 50-day moving average of $6.11 and a two-hundred day moving average of $5.89. The firm has a market capitalization of $765.14 million, a PE ratio of -5.78 and a beta of 1.88. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. BrightSpire Capital has a 12 month low of $5.07 and a 12 month high of $7.71.

BrightSpire Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 10.85%. The ex-dividend date of this dividend is Tuesday, December 31st. BrightSpire Capital’s payout ratio is -62.75%.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.